IOOF Holdings Limited (ASX:IFL) has seen profit lift 27 per cent in the 2014 financial year, coming in above expectations.
The financial management company posted a net profit of $101 million, citing $1.4 billion in net funds inflows as driving the result.
Managing Director Christopher Kelaher says the result points to the effectiveness of IOOF’s long-held, dual-track, growth strategy and the fact that all strategic elements are contributing.
The company says increased scale from the acquisition of SFG Australia has created opportunities to accelerate growth in the future.
A fully franked final dividend of $0.25 has been declared.
